Leasing and Finance

Have you considered financing your purchases from us?

Peter Cox Catering Equipment are pleased to partner with Focus Leasing to offer their customers a comprehensive range of finance options to assist with their purchase.

Lease rental and hire purchase are available, with terms from 12 months to 5 years. Focus have over 17 years of experience in this industry and can help all of our customers, from start up businesses to blue chip organisations.

 

Improve Cashflow

Your complete purchase can be delivered and operational without the need for capital expenditure. Have what you need today with no cash outlay.

Retain Credit Lines

Keep existing banking arrangements, credit lines and cash free for uses that are more appropriate. Our finance facilities cannot be withdrawn like overdraft facilities. Use bank funding for working capital to maintain a healthy business.

Simplify Budgeting

Payments are fixed throughout the term of the agreement enabling accurate and simple budgeting and forecasting. Bank facilities are generally related to interest rates, which is fine when they are low but can cripple cashflow when they increase.

Let the Equipment Pay for Itself

Enable the finance payments to coincide with the benefits of having the new equipment as they start to appear. You wouldn’t pay all your staff costs up front! Pay for the equipment as you gain the benefits, not before.

Keep Up to Date

Combat obsolescence problems or requirement changes as the equipment can be supplemented or upgraded at any time in the future. Have what you really need to do the best job for you, not just what your budget limits you to.

Simple Approval in Two Ways

First of all leasing may be classed as a revenue item for budget purposes which may make it easier for you to obtain authorisation for the expenditure. Secondly, our approval process only takes one phone call and an approval is usually provided the same day.

 

An example - based on a leasing cost of £5,000 (plus VAT)

The following illustration provides budget figures to help with your purchasing decision. (Figures generated by www.focus-leasing.co.uk.)

Illustrative budget figures based on £5,000 of finance (plus VAT):

Fixed Term Lease	2 Years	3 Years	4 Years	5 Years
Initial payment	£792.30	£580.50	£477.00	£416.70
Monthly rental	£264.10	£193.50	£159.00	£138.90
Weekly equivalent	£60.95	£44.65	£36.69	£32.05

Leasing versus Cash Payment:

By paying cash, the amount you can deduct from your tax bill is limited to capital allowances on the purchase. Also don't forget the interest (or other return on capital employed - "ROCE") that is lost.

Cash Price	£5,000.00
Less tax relief	£488.00
Plus lost ROCE	£1,655.00
Net cost of paying cash	£6,167.00

By leasing you will get tax relief on every payment...

Total Rentals	£6,966.00
Less tax relief	£1,393.20
Net cost of lease option	£5,572.15

...and you are improving cashflow, the lifeblood of your business.

 

Example based on	36 month lease
Highest tax rate of	20%
Capital allowance - Year 1	20%
ROCE per annum of	10%

Other Benefits Include:

• Have what you need today with no cash outlay.
• Independent finance cannot be withdrawn and keeps existing credit lines open.
• Use bank funding for working capital to maintain a healthy business.
• Fixed payments for the term means easy budgeting.
• Pay for the equipment as you gain the benefit - not before.
• Let the equipment pay for itself with immediate return on investment - you wouldn't pay your staff 3 years in advance!
• Have what you need - not what your budget limits you to.
• Leasing may overcome budgetary restrictions which prevent capital outlay.

All figures provided are subject to credit approval. E&OE.

All payments are exclusive of VAT at the current rate and assume payment by direct debit.

Please contact us if you require any other periods or payment profiles.

 

To find out more contact us:

tel: 01256 333050
email: petercox@petercoxcatering.co.uk
web: www.petercoxcatering.co.uk

Or our finance partner 'Focus Leasing':

tel: 01794 525930
email:sales@focus-leasing.co.uk
web: www.focus-leasing.co.uk